Meaning of the word owes in English

What does owes mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

owes

US /oʊz/
UK /əʊz/

Verb

1.

to have an obligation to pay or repay (something, especially money) in return for something received

Example:
He still owes me $50 from last week.
The company owes a lot of money to its creditors.
2.

to feel gratitude or be under an obligation to (someone) for a service or favor

Example:
I owe you a huge thank you for your help.
She owes her success to hard work and dedication.